KBC Group NV Has $12.63 Million Stake in Delta Air Lines, Inc. (DAL)

KBC Group NV cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 54.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 262,014 shares of the transportation company’s stock after selling 309,896 shares during the quarter. KBC Group NV’s holdings in Delta Air Lines were worth $12,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of DAL. Mutual of America Capital Management LLC grew its holdings in shares of Delta Air Lines by 68.0% in the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after acquiring an additional 61,298 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Delta Air Lines by 78.0% in the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after acquiring an additional 312,863 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Delta Air Lines by 57.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after acquiring an additional 42,150 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Delta Air Lines by 85.6% in the third quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock valued at $34,218,000 after acquiring an additional 327,381 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of Delta Air Lines by 253.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,696 shares of the transportation company’s stock valued at $16,219,000 after acquiring an additional 239,959 shares in the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.

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Delta Air Lines, Inc. (DAL) opened at $52.06 on Friday. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $55.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The company has a market capitalization of $37,117.38, a price-to-earnings ratio of 10.85, a PEG ratio of 1.58 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same period last year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. research analysts anticipate that Delta Air Lines, Inc. will post 5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s payout ratio is currently 24.50%.

In related news, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the sale, the executive vice president now owns 67,077 shares in the company, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Insiders sold 239,810 shares of company stock valued at $12,684,903 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Several equities analysts have recently issued reports on the company. Barclays assumed coverage on Delta Air Lines in a report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 target price for the company. Morgan Stanley reissued an “overweight” rating on shares of Delta Air Lines in a report on Tuesday, September 12th. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 25th. UBS reissued a “buy” rating and set a $62.00 price objective (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and an average target price of $63.39.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.